Question $27(1$ point$)$

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Varun's unused RRSP deduction limit at the end of last year was $$12,000,$ while his new contribution room for this year was $$11,250$ Varun has never previously been in an over contribution position. On July $2,$ Varun made a $$30,000$ RRSP contribution. On November $2,$ Varun realized he was in an over contribution position and realigned his RRSP to eliminate any further penalty. Calculate the total financial penalty Varun faces due to excess contributions?

$$337\mathrm{.}50$

$$270\mathrm{.}00$

$$237\mathrm{.}50$

$$190\mathrm{.}00$

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